Anyone finding KYC/onboarding a consistent hurdle with prop firms now?

asked by u/hamza_h · 5d · 2 answers

Been looking at a few different prop firms lately, specifically those with a good range of $EURUSD and $GBPUSD pairs. The challenge itself isn't the biggest concern, but the whole KYC/onboarding process seems to have gotten increasingly clunky. Some firms are quick, others feel like you're submitting your life story for a relatively small initial capital allocation. This definitely impacts how quickly you can even start trading, let alone think about payouts. Is this just my experience, or are others seeing increased friction in this area, particularly with firms that boast good spreads but perhaps aren't as established?

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  • u/rana.hamdan· 5 pts· 5d

    Yeah, I've noticed that too. I'm just starting out, and it's been a bit of a maze figuring out which firms are worth the extra effort for KYC versus those that make it smoother. Is there anything specific you've found that makes one firm's process better than another?

  • u/diegowilliams· 0 pts· 5d

    It's not just prop firms; regulatory requirements have tightened across the board. The 'life story' part is often a function of the jurisdiction they operate in. Might be worth checking where a firm is registered before diving deep into their application process.

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